Discussion Forum



1)

Find the cost of:

Rs. 5000, 8.5% stock at 4 premium;


A) 5000

B) 5200

C) 5100

D) 5500

Answer:

Option B

Explanation:

Cost of Rs. 100 stock = Rs. (100 + 4) = Rs. 104.

Cost of Rs. 4500 stock = Rs.(104/100) x 5000=5200